John D. Rockefeller - Research Paper Example

He was the second of six children, to William Avery Rockefeller and Eliza Davison. The local population used to call the mysterious but fun-loving William Avery as "Big Bill," and "Devil Bill". He was…

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She also accommodated with her husband’s philandering and double life, which included bigamy.
Young Rockefeller did his share of the regular household chores, and earned extra money raising turkeys, selling potatoes and candy, and eventually loaning small sums of money to neighbors. In spite of his father’s absences and frequent family moves, young Rockefeller was a polite, sober and diligent boy. His colleagues described him as reserved, serious, pious, logical, and prudent. He was a brilliant debater, and expressed himself appropriately. When he was a boy, his family moved to Moravia, New York and, in 1851, to Owego, where he attended Owego Academy. In 1853, his family moved to Strongsville. Rockefeller attended Clevelands Central High School and then took a ten week business course at Folsoms Commercial College where he studied bookkeeping.
Rockefeller became member of the then-new Republican Party, and a follower of Abraham Lincoln and the party’s abolitionist wing. A devout Baptist, Rockefeller turned his attention increasingly during the 1890s to charities and benevolence; after 1897 he devoted himself completely to philanthropy. He was a faithful congregant of the Erie Street Baptist Mission Church, where he taught Sunday school, and served as a trustee, clerk, and occasional janitor. Religion was a main force all his life, and Rockefeller believed it to be the source of his success.
In 1859, at age nineteen, he started his first company, Clark and Rockefeller. It was a joint venture with an Englishman, Clark. Clark did the outdoor tasks while Rockefeller controlled office management, bookkeeping, and relationships with bankers. The firm prospered during the Civil War. With the Pennsylvania oil strike in 1859 and the building of a railroad to Cleveland, they branched out into oil refining with Samuel Andrews, who had knowledge of the field. Within two years Rockefeller became senior partner; Clark was
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The period in the history of the US from 1865 is marked by technology based industrial growth which is called as a Second Industrial Revolution.This was spearheaded by “the architects of the Second Industrial Revolution.

William Rainey Harper’s Influence on the University of Chicago. William Rainey Harper is considered one of the greatest America’s pioneers in education, mostly due to the help he provided to establish the University of Chicago. Being the first president of this college, Harper was a leading figure in the development of the modern university in the United States.

He overturned and restructured the oil industry. He established the Standard Oil Company in 1870 and ran it till he retired in 1897. This Standard Oil Company had started as a partnership between John Rockefeller and his blood brother William Rockefeller together with Henry Flagler, Samuel Andrews who was a chemist and Jabez Bostwick and Stephen Harkness.

Compared to today this would be about $10 a day. ( Goulder, 1972) Afterward Rockefeller was working several sales jobs and by age twenty-three had saved up four thousand dollars to invest in an oil refinery in Cleveland, Ohio, with a partner Samuel Andrews who attended the same church.

The paper tells that the importance of African slave trade was, in the author’s opinion, increased due to the necessity to exploit natural reaches of the New World in the absence of opportunities for the use of either Native or free European workforce in large numbers. Therefore it was the African slaves that became a preferred source for the replenishment of servile labor resources.

This is because his life has been colorful and controversial at the same time. It is also celebrated because his existence bequeathed a precious legacy of philanthropy that benefitted a lot of people in America and abroad. In the hearts of many Americans, his life is seen as worth emulating primarily because he was one of the first to get very rich during the years when a lot of people were poor and when it was probably difficult to earn a lot of money as opportunities were limited, there was no internet, and no global quick transactions that can make one rich overnight.

ings the tycoons did which influenced the economy and the lifestyles in the state were the starting up companies, which until today increase the country’s income. They also funded many institutions like hospitals, schools and other small enterprises, which still help in the

t of which, the rate of unemployment, poverty and illiteracy enhanced that declined the living standards and life style of the citizens to a certain extent among others. Due to which the image and reputation of the nation declines that hinders its reliability among other

Morgan was born to a banker who was well connected in the international business scene. Through a series of shrewd and successful investments, J.P. Morgan was able to establish a fortune that was unprecedented in American history. By nature an organizer and incorporating power, he was incessantly engaged in bringing about reforms and stability in fiscal policy and the economy.

5 Pages(1250 words)Research Paper

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